Investors Purchase Large Volume of Americas Gold and Silver Call Options (NYSEAMERICAN:USAS)

Americas Gold and Silver Corporation (NYSEAMERICAN:USASGet Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 34,411 call options on the company. This is an increase of approximately 436% compared to the typical volume of 6,422 call options.

Americas Gold and Silver Trading Up 7.1%

Shares of Americas Gold and Silver stock opened at $5.59 on Thursday. Americas Gold and Silver has a 52-week low of $0.99 and a 52-week high of $10.50. The firm has a market capitalization of $1.79 billion, a PE ratio of -17.20 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.91 and a quick ratio of 0.77. The company’s fifty day moving average price is $7.63 and its two-hundred day moving average price is $5.64.

Key Americas Gold and Silver News

Here are the key news stories impacting Americas Gold and Silver this week:

Analyst Ratings Changes

A number of equities research analysts recently weighed in on USAS shares. Canaccord Genuity Group started coverage on Americas Gold and Silver in a research report on Tuesday, February 24th. They set a “buy” rating on the stock. TD Securities initiated coverage on Americas Gold and Silver in a report on Monday, February 9th. They issued a “buy” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $9.75 price objective on shares of Americas Gold and Silver in a research report on Thursday, January 22nd. Finally, BMO Capital Markets assumed coverage on Americas Gold and Silver in a report on Wednesday. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Americas Gold and Silver presently has an average rating of “Buy” and a consensus target price of $9.75.

View Our Latest Report on Americas Gold and Silver

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. acquired a new position in shares of Americas Gold and Silver in the 3rd quarter worth approximately $9,954,000. Waratah Capital Advisors Ltd. acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at $645,000. TD Asset Management Inc acquired a new stake in Americas Gold and Silver in the 3rd quarter valued at $819,000. Gamco Investors INC. ET AL grew its position in Americas Gold and Silver by 115.7% in the third quarter. Gamco Investors INC. ET AL now owns 731,462 shares of the company’s stock valued at $2,721,000 after acquiring an additional 392,422 shares during the period. Finally, PCJ Investment Counsel Ltd. bought a new stake in Americas Gold and Silver in the third quarter valued at $1,585,000. Institutional investors own 13.38% of the company’s stock.

Americas Gold and Silver Company Profile

(Get Free Report)

Americas Gold and Silver Corporation is a precious metals mining company focused on the exploration, development and production of silver and gold assets in North America. The company’s core operations center on the Cosalá district in Sinaloa, Mexico and the Relief Canyon mine in Nevada, where it pursues both open-pit and underground mining techniques. In addition to these producing mines, Americas Gold and Silver maintains an exploration portfolio designed to support future growth and reserve replacement.

The Cosalá operation comprises multiple silver-gold deposits accessed via ramp and portal infrastructure.

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